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Business Organizations Keyed to Bauman
Kinney Shoe Corp. v. Polan
Citation:939 F.2d 209 (4th Cir. 1991)
Polan incorporated both Industrial Realty Company and Polan Industries. Polan made no capital investments in either company. Kinney maintained a long-term lease on a building, which it subleased a portion of the building to Industrial. Polan went and subleased his portion to Polan Industries. Polan made a single payment to Kinney, before defaulting on the lease. Kinney, then, obtained a judgment against Industrial, then attempted to hold Polan personally liable for the default.
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